Developers of real estate operating in the UAE are attempting to take advantage of the Golden Visa programme by providing appealing Golden Visa advantages to qualified clients, such as paying for a UAE Golden Visa. According to data from Dubai Land Development (DLD), the real estate market in Dubai reached AED 22.7 billion in purchases in June, the largest overall sales in the previous 13 years. As property demand rises, UAE property developers are aiming to take advantage of the Golden Visa programme.
As part of the nation's strategy to entice further investments and enhance the advantages for long-term citizens, those buying property off-plan or with a mortgage now have the opportunity to gain 10-year residency in the UAE through a Golden Visa.
Industry players have previously told Arabian Business that the permissive rules for obtaining the 10-year residence through real estate will stimulate further foreign investment in the nation.
For the UAE's real estate market, the Golden Visa requirements are a "game-changer," adding to the momentum it has gained over the previous 18 months.
According to Lynnette Sacchetto, an advisor for the UAE's real-estate sector:
the fact that you can get a Golden Visa now when purchasing a secondary or off-plan property for AED2 million that can be mortgaged pretty much covers all common scenarios for not only investors but also for UAE residents who own property.
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